Bac Giang eyes 6.5 billion USD in export revenues by 2020

Bac Giang (VNA) – The northern province of Bac Giang is aiming for 6.5 billion USD in export revenues with an annual export growth from 20-21 percent during 2016-2020.

To this end, the province will implement comprehensive solutions to increasing both export volume and product value, said Vice Chairman of the provincial People’s Committee Duong Van Thai.

Attention will be paid to commodities with high technological contents as well as environmentally-friendly products, while export markets will be diversified through seeking new markets.

According to the Vice Chairman, local export activities have seen stellar performance, with total earnings expected to hit 2.6 billion USD this year. Average export growth stood at nearly 51 percent per year during 2011-2015, which is higher than the nation’s estimated figure of 18 percent.

However, the province’s export still faced a number of headwinds, including low added value products, high input cost, labour shortage and slow administrative procedure reform.-VNA